President of the Indian Democratic Republic, Hon. Smt. Pratibha Patil on 21st Feb 2011, in her address to the joint session of the Parliament (Lok sabha and the Rajya sabha) raised concerns over the rising prices of the essential commodities and said inflation posed the biggest threat to the country's
growth momentum and combating inflation will be the topmost priority of her government in the next financial year 2011-12.
Following are few extracts of President smt. Patil's speech:
INFLATION, GROWTH
* Foremost priority in FY12 is to combat inflation.
* Deeply concerned over inflation's threat to growth.
* Inflation has been a problem in the past year.
* Need to protect common man from rising food prices.
* Prices of cereals under control now.
* Vegetable price have eased with fresh crop arrivals.
* Unseasonal Nov rains pushed up food inflation.
* Aim to sustain current economic growth momentum.
* Indian econ on a high growth trajectory.
* Steps to tackle global financial meltdown successful.
* No room for complacency on economic growth.
* Deeply concerned over inflation's impact on aam aadmi.
* Proactive steps to fight inflation have shown results.
* Raising farm yield long-term solution to tame inflation.
* Committed to give remunerative prices to farmers.
* Global economic situation "complicated".
Concentration on developing the ECONOMY & INFRASTRUCTURE
* Need to maintain momentum for wider reforms.
* Need more conducive environment to attract FDI.
* Last year was a difficult one for our country.
* Some areas have seen unacceptably high violence.
* Need to address concern on lack of probity, integrity.
* Plan 40 trln rupee invest in core sector in 12th Plan.
* Pvt sector contributed 34% of infra invest 2010.
* To extend pvt FM radio to town with over 100,000 people.
* Taking steps for broadband, mobile svc to rural areas.
* Plan to set up 806 FM radio channels in 283 cities.
* Plan to give sops for FM radio svc in J&K, northeast.
* Taking steps to push up growth in coal output.
* Aim to make coal production more environment-friendly.
* To add 20,000 MW solar capacity by 2020.
* 16,000 km road construction under progress currently.
* Giving priority to shale gas exploitation.
* Asking cos to aggressively seek coal, gas blocks abroad.
* Likely to top 2014 aim of 40% rural tele-density.
* Aim to construct 7.5 mln houses by 2014.
CORRUPTION , POLITICS
* Ministers' panel looking at steps to tackle corruption.
* Internal security scenario largely under control.
* Welcome the dawn of democracy in Egypt.
* Need to strike balance between environment, development.
* Govt committed to tackle menace of black money.
* To take all steps to bring back black money from abroad.
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